How Will Debt Settlement Affect My Credit Score?

Author: External Author | Mar 22, 2021 | Categories: Business Development , Business Opportunities , Career Growth , Career Opportunities , Customer Relations , Debt Relief , Debt Settlement , Direct Marketing Services , Entry Level Management , Financial Protection , Financial Services , Job Opportunities , Management Training , Marketing

Why should it have a negative impact, when you're lightening the load of your obligations and your creditors are getting some money? Because strong credit scores are designed to reward those accounts that have been paid on time according to the original credit agreement before they're closed.

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Original Article Source Credits: Investopedia, https://www.investopedia.com/

Article Written By Alexandra Twin

Original Article Posted on : February 22, 2021

Link to Original Article: https://www.investopedia.com/ask/answers/110614/how-will-debt-settlement-affect-my-credit-score.asp